Cushman & Wakefield is pleased to present the Pacific Pointe Independent Living Community. Pacific Pointe is a 111-unit senior housing community located less than 1 mile North of Scripps Mercy Hospital in the city of Chula Vista, California. This offering provides an opportunity to acquire a fee simple interest in a stabilized asset free and clear of debt encumbrances, in one of the highest demand senior rental submarkets in the San Diego area. Built in 1974, the property was completely renovated in 2009 and consists of 111 studio apartments with approximately 350 Square feet each.
There are no known income-related restrictions currently in place, allowing this asset to have significant rental demand upside. The property is restricted to senior tenants (55+). With this well-built and efficiently designed property, an astute investor will capitalize on the strong current and future cash flow.